Riyadh - Mubasher: Hedab Alkhaleej Trading Company penned an agreement to renew Sharia-compliant banking facilities with Al Rajhi Bank at a total amount of SAR 50 million.

The financing deal, signed on 11 June 2026, is valid until 30 November this year, according to a bourse filing.

Hedab Alkhaleej will use the loan to support its working capital and issue letters of credit.

The facility is secured by a promissory note issued by the company for the full financing amount, in addition to a real estate mortgage.

Al Rajhi Bank recently provided SAR 35 million in financing to Al Kuzama Trading Company.